to: reflect amendments made by the New Zealand Parliament to the companion legislation to enable the cooperative scheme to operate; and retrospectively validates fees charged (from 1 March 2009 to 25 November 2010) for de facto financial proceedings under the

to exempt from income tax: the Disaster Recovery Subsidy paid to those affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and ex-gratia payments to New Zealand non-protected special category visa holders for a disaster that occurred in Australia during the 2010-11 financial year;

Income Tax Assessment Act 1997

and

Tax Laws Amendment (2009 Measures No. 2) Act 2009

to exempt from income tax certain payments paid to small businesses and primary producers affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and

First Home Saver Accounts Act 2008

and

Income Tax Assessment Act 1997

to enable money in a First Home Saver Account to be paid into a genuine mortgage after the end of a minimum qualifying period.

to prevent companies commencing legal action asserting copyright in the text of an approved product information (PI) document for a medicine where it is used in the PI document of another version of the same medicine.

to: change the eligibility criteria for accessing film tax offsets; extend the main residence capital gains tax exemption to certain compulsory acquisitions; include terminal medical condition benefits; and include school uniforms as an eligible expense for the education expenses tax offset;

Income Tax Assessment Act 1997

and

Income Tax (Transitional Provisions) Act 1997

to adjust the benchmark interest rate used to determine the cost of capital protection;

A New Tax System (Goods and Services Tax) Act 1999

to allow non-profit sub-entities to access the goods and services tax concessions available to their parent entity; and

Taxation Administration Act 1953

to enable the Commissioner of Taxation not to apply a payment, credit or running balance account surplus against certain tax debts.

Introduced with the National Broadband Network Companies Bill 2010, the bill amends the:

Telecommunications Act 1997

and

Competition and Consumer Act 2010

to: support the rollout of NBN-consistent fibre-to-the-premises networks in new real estate developments; place certain obligations on the supply of wholesale services by an NBN corporation; and require carriers (other than NBN corporations) operating certain superfast broadband networks to offer a wholesale Layer 2 ethernet bitstream service; and

to make it an offence to advertise tobacco products on the internet and other electronic media and future technologies, unless the advertising complies with state or territory legislation or Commonwealth regulations.

to prevent Telstra from acquiring specified bands of spectrum which could be used for advanced wireless broadband services unless it structurally separates and divests its interests in cable networks and subscription broadcasting licences;

National Transmission Network Sale Act 1998

,

Telecommunications Act 1997

and

Competition and Consumer Act 2010

to require the Australian Competition and Consumer Commission (ACCC) to: set up-front prices and non-price terms for declared services; make binding rules of conduct for the supply of declared services; issue access determinations for declared services; receive access agreements between providers and access seekers; remove the option to apply for exemptions from access obligations or undertakings; and remove merits review of regulatory decisions made by the ACCC;

Competition and Consumer Act 2010

to: remove the requirement for the ACCC to undertake consultation before issuing a Part A competition notice; and clarify that content services supplied by carriers and carriage service providers are subject to the competition notice regime;

to: require the universal service provider to supply standard telephone services and payphones as determined by the minister; and provide for the minister to establish minimum Customer Service Guarantee performance benchmarks; and

Telecommunications Act 1997

to: enable the Australian Communications and Media Authority (ACMA) to obtain regular reports about carriers’ and service providers’ compliance with their obligations; require service providers to offer a priority assistance service; establish an infringement notice regime to deal with breaches of civil penalty provisions; and enable the minister to direct ACMA to determine industry standards.